99 Robinson St - Apartments FOR SALE


Binghamton, NY 13904- Eastside Binghamton
$250,000 USD
607-729-5500
99 Robinson St, Binghamton, NY for Sale
$250,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

99 Robinson St
Binghamton, NY 13904
Eastside Binghamton


HIGHLIGHTS

  • Six-unit value-add opportunity built for the BRRR method or a fix and flip strategy
  • Five of six units vacant, allowing renovation on the buyer's own timeline with no tenant coordination or lost rent
  • Uniform 2-bedroom unit mix, 12 beds total, keeps renovation scope repeatable and leasing straightforward

OVERVIEW

99 Robinson Street is a six-unit renovation play built for the BRRR method or a value-add fix and flip. Five of the six units are vacant, allowing renovation on the buyer's own timeline with no tenant coordination, relocation costs, or lost rent from working around occupied units. The sixth unit is occupied at below-market rent and can be turned or held through the initial phase. The uniform mix, six 2-bedroom units, 12 beds total, keeps the renovation scope repeatable, which simplifies budgeting, contractor scheduling, and post-renovation leasing. The metal roof was replaced within the last 5 to 7 years, so the major exterior capital item is already handled and renovation dollars can go entirely into interior finishes, the work that drives rent. Current rents reflect the building's unrenovated condition, and the gap between in-place and market rent represents the value to be created, not value already priced in at acquisition. Once renovated, an investor running BRRR can refinance off the stabilized NOI, while a fix and flip investor can market the property as turnkey. The location supports either exit: a walkable Eastside Binghamton neighborhood near daily-needs retail and services, off-street parking on site, and consistent demand for 2-bedroom units that supports fast lease-up. A pro forma rent roll reflecting achievable rents once renovation is complete is included below.

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$53 USD /SF

# OF UNITS

6

PRICE/UNIT

$41,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

99 Robinson St.

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,832 SF

ZONING

C-4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Vincent LucentiSVN Innovative Commercial AdvisorsMore Info
607-729-5500

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Vincent LucentiSVN Innovative Commercial AdvisorsMore Info
607-729-5500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.